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China's currency conundrum

Western demands for renminbi appreciation are misguided, but the People's Bank remains caught in a trap between hot money inflows and its own hefty savings and low interest rates.

29 Apr 2014
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Scoreboard: Home sweet home

Wall Street bounced back from early losses as US housing and manufacturing data surprised on the upside and Pfizer confirmed its AstraZeneca takeover ambitions.

29 Apr 2014
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